Contact Information
Jon Swenson
Mobile Home Park Details
- Price: $1,800,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.0% (Actual)
- Listing ID: 1374267
- Posted On: Jan 2, 2021
- Updated On: Feb 19, 2025
Description
80 Acres
$15.5k in monthly revenue
8+% CAP rate
14 mobile home units, each unit is on roughly 5 acres.
Each unit has it its own septic system.
13 of the units are park owned.
1 RV pad rental.
Water is $1500 a month
Trash is $400 a month
Tenants pay their own electric and propane.
The units are all older, but in very high demand. Each 5 acre lots is fenced and many tenants have horses, chickens and goats.
Maintenance man lives in one of the units, and pays rent. Maintenance work is paid hourly.
Owner financing available. $600K Down
QUALIFIED BUYERS ONLY!!
Location
10 minutes from Falcon CO. large grocery stores, restaurants and schools. 25 minutes to downtown Colorado Springs.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $1,100 |
| Size: | 80 acre(s) |
Financial Information (Actual)
| Gross Income: | $184,000 |
| Operating Expense: | $40,000 |
| Net Operating Income: | $144,000 |
| Expense Ratio: | 21.7 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $1,100 |
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